There were more than a few reports of multiple-offer situations at today’s office meeting at Lake & Company, which may be the beginning of a happening market – something we haven’t had in a long while now! One property had been on the market for many months and received four offers over the weekend; there were quite a few reports of representing buyers in multiple-offer situations; this is incredibly exciting news!

Inventory is low. A quick check of the NWMLS shows that – according to our calculations, not theirs – that there is about a 5½-month supply of condos and about a 2¾-month of single family homes. Generally speaking, a six-month supply is considered “balanced,” so right now, there is short supply and, if today’s meeting is at all representative, increased demand.

There were more than a few reports of multiple-offer situations at today’s office meeting at Lake & Company, which may be the beginning of a happening market – something we haven’t had in a long while now! One property had been on the market for many months and received four offers over the weekend; there were quite a few reports of representing buyers in multiple-offer situations; this is incredibly exciting news!

Inventory is low. A quick check of the NWMLS shows that – according to our calculations, not theirs – that there is about a 5½-month supply of condos and about a 2¾-month of single family homes. Generally speaking, a six-month supply is considered “balanced,” so right now, there is short supply and, if today’s meeting is at all representative, increased demand.

In two hours, we saw four fabulous Belltown condo properties currently on the market – a gorgeous studio with views of the Sound, Olympics, and sunsets through floor-to-ceiling windows that we have listed in the Matae Belltown, $185,000; a spacious 1-bedroom in the Gallery, a building with the most amazing set of party and entertainment amenities, $315,000; a fabulous 1144-sf 7th-floor corner unit with floor-to-ceiling windows at the Mosler Lofts, which was Seattle’s first LEED™Silver Certified building, $585,000; and the pièce de résistance. a completely captivating 2-BR corner on the 19th floor of the refreshed Bay Vista Tower with astonishing views, actually bargain-priced at $727,000.

Our next tour will be held on either February 25 or March 3, and we haven’t decided on a location, so if you’d like to make suggestions . . . !

In two hours, we saw four fabulous Belltown condo properties currently on the market – a gorgeous studio with views of the Sound, Olympics, and sunsets through floor-to-ceiling windows that we have listed in the Matae Belltown, $185,000; a spacious 1-bedroom in the Gallery, a building with the most amazing set of party and entertainment amenities, $315,000; a fabulous 1144-sf 7th-floor corner unit with floor-to-ceiling windows at the Mosler Lofts, which was Seattle’s first LEED™Silver Certified building, $585,000; and the pièce de résistance. a completely captivating 2-BR corner on the 19th floor of the refreshed Bay Vista Tower with astonishing views, actually bargain-priced at $727,000.

Our next tour will be held on either February 25 or March 3, and we haven’t decided on a location, so if you’d like to make suggestions . . . !